The breakout of UK100 through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of UK100 to test 7189.9554 within the next 4 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, UK100 has finally broken through. Can we expect a bearish trend to follow?
